Standard Bank repossessed cars and auctions in South Africa that sell bank repo vehicles at wholesale prices to the general public are taking place in Johannesburg, Pretoria, Durban and Cape Town on a regular basis. There are also auction events being held in other areas less regularly such as George, Knysna and Port Elizabeth. It is a great opportunity for people who are looking to buy a cheap car to view and bid on pre-owned models that in some cases are almost new. There are a few things to consider though when looking to purchase a second hand vehicle from a South African auction.
Buying pre-owned vehicles from Standard Bank repossessed cars auctions in city’s and town’s around South Africa is relatively straight forward and the first thing to note is that you are going to need a deposit in the form of a bank guaranteed cheque. Once this is arranged you can speak to the staff at the events to confirm what other criteria may be necessary on the day in order to qualify you as a participating bidder. The staff that work at the auctions are usually very friendly and good enough at their jobs to help you understand how the auctioneering and bidding process works.
It is possible at most events to have a look at what vehicles are for sale the day before but no test drives are allowed. You may start the car and have a good look around the engine and bodywork inside and out so it is a good idea to have someone with you who knows something about what to look for when buying a second hand car. There are usually lists of cars available from bank repo centres that allow a potential client to see what is going to be sold on the day. If you are looking to buy a vehicle at a cheap price in South Africa then the Standard Bank repossessed cars auction events are well worth the effort it takes to participate.